According to an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's rules, contact Appraise Colorado Inc.
If you need a real estate appraisal review or have questions about an appraisal, contact us today.
As stated by the Federal Reserve, appraisal reviews "should decide whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality." In addition, they "should indicate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions reinforce regular reviews with post-funding surveys of appraisal quality for a number of their higher-risk or large-value transactions as a way to aid in addressing valuation concerns."
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Appraise Colorado Inc, we're qualified in all kinds of appraisal reviews, review processes and the obligations of review appraisers.
Appraise Colorado Inc is aware of what the most prevalent imperfections are, especially in our real estate market. We also understand what constitutes a quality appraisal. We're also experienced enough to realize that our competitors in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to ethically study appraisal reports performed by others. And those others might be examining our work, too!
For professional, unbiased, ethical appraisal review services and neutral judgments, you can depend on Appraise Colorado Inc. Contact us regarding our qualifications, expertise and services offered.